Central Pacific Bank Trust Division Has $509,000 Stake in Curtiss-Wright Co. (NYSE:CW)

Central Pacific Bank Trust Division boosted its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 5.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,550 shares of the aerospace company’s stock after purchasing an additional 80 shares during the period. Central Pacific Bank Trust Division’s holdings in Curtiss-Wright were worth $509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CW. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after purchasing an additional 301,394 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $41,383,000. Global Alpha Capital Management Ltd. increased its stake in shares of Curtiss-Wright by 41.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after buying an additional 103,780 shares during the period. Van ECK Associates Corp increased its stake in shares of Curtiss-Wright by 79.2% in the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock valued at $53,318,000 after buying an additional 86,955 shares during the period. Finally, Epoch Investment Partners Inc. increased its stake in shares of Curtiss-Wright by 70.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 202,261 shares of the aerospace company’s stock valued at $51,767,000 after buying an additional 83,882 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Down 0.3 %

NYSE:CW opened at $337.57 on Friday. Curtiss-Wright Co. has a 12-month low of $190.64 and a 12-month high of $341.96. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $12.93 billion, a P/E ratio of 34.77 and a beta of 1.18. The stock’s fifty day simple moving average is $304.11 and its 200-day simple moving average is $280.41.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same period last year, the company earned $2.15 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. Equities research analysts expect that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.25%. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CW. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus lifted their target price on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Robert W. Baird lifted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $307.50.

Insiders Place Their Bets

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.